More Questions on Indian Economy
- Q. Excess of Total Expenditure over total Receipts is :
A)Surplus Budget
B)Deficit Budget
C)Balanced Budget
D)None of the above
Answer: Deficit Budget
- Q. Monopolies and restrictive Trade practices (MRTP) act was passed in:
A)1969
B)1970
C)1971
D)1968
Answer: 1969
- Q. Deficit financing means that the government borrows money from the
A)local bodies
B)big businessmen
C)RBI
D)IMF
Answer: RBI
- Q. In India, which one among the following formulates the fiscal policy?
A)Ministry of Finance
B)Planning Commission
C)Finance Commission
D)The Reserve Bank of India
Answer: Ministry of Finance
- Q. Debenture holders of a company are its
A)creditors
B)shareholders
C)debtors
D)directors
Answer: creditors
- Q. The currency convertibility concept in its original form originated in
A)Bretton Woods Agreement
B)Wells Agreement
C)Taylors Agreement
D)None of the above
Answer: Bretton Woods Agreement
- Q. The central banking functions in India are performed by the I=Central Bank of India II=Reserve Bank of India III=State Bank of India IV=Punjab National Bank
A)II
B)I
C)I, II
D)II, III
Answer: II
- Q. In India the first bank of limited liability managed by Indian and founded in 1881 was:
A)Hindustan Commercial Bank
B)Oudh commercial Bank.
C)Punjab National Bank
D)Punjab and Sind Bank
Answer: Oudh commercial Bank.
- Q. The average rate of domestic savings (gross) for the Indian economy is currently estimated to be in the range of
A)20 to 25 percent
B)25 to 30 percent
C)15 to 20 percent
D)30 to 35 percent
Answer: 20 to 25 percent
- Q. Paper currency first started in India in
A)1542
B)1861
C)1601
D)1880
Answer: 1861
- Q. Regional rural banks I=have limited area of operation II=have free access to liberal refinance facilities from NABARD III=are required to lend only to weaker sections
A)II, III
B)I, III
C)I, II, III
D)I, II
Answer: I, II
- Q. The first national commission on labours was constituted on:
A)December 24, 1967
B)November 24, 1966
C)December 24, 1966.
D)November 24, 1967
Answer: December 24, 1966.
- Q. Deficit financing implies
A)replacing new currency with worn out currency
B)printing new currency notes
C)public expenditure in excess of public revenue
D)public revenue in excess of public expenditure
Answer: public expenditure in excess of public revenue
- Q. What was the central theme of the Chipko Movement started by Sunderlal Bahuguna in 1973?
A)Conservation of river water
B)Protection of birds
C)Conservation of Forests
D)Protection of cheetals
Answer: Conservation of Forests
- Q. Open market operation is a part of:
A)Debit Policy
B)Deposit Policy
C)Credit Policy
D)None of these
Answer: Credit Policy
- Q. If the RBI adopted an expansionist open market operations policy, this means that it will
A)sell securities in the open market
B)offer commercial banks more credit in the open market
C)buy securities from non-government holders
D)openly announce to the market that it intends to expand credit
Answer: offer commercial banks more credit in the open market
- Q. The first wholly Indian Bank was set up in
A)1894
B)1794
C)1896
D)1902
Answer: 1894
- Q. Devaluation of currency will be more beneficial if
A)prices of exports remain constant
B)prices of domestic goods remain constant
C)prices of imports remains constant
D)prices of exports rise proportionately
Answer: prices of exports remain constant
- Q. With which country did India’s comprehensive Economic partnership Agreement come into effect on August 1, 2011?
A)China
B)South Korea
C)Taiwan
D)Japan
Answer: Japan
- Q. The Ex-Officio Secretary of National Development Council is:
A)General Secretary of Lok Sabha
B)Secretary of Finance Ministry
C)Secretary of Planning Commission
D)Vice Chairman of Planning Commission
Answer: Secretary of Planning Commission
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